Restatement of the Law, Second: Trusts. Tentative Draft No. 2-4: Submitted by the Council to the Members for Discussion at the Thirty-second Annual Meeting May 18, 19, 20 and 21, 1955-57, Issue 3 |
Common terms and phrases
A's death aff'd mem apply the property Bank beneficial interest beneficiary is entitled beneficiary's interest benefit C's interest charitable purposes charitable trust claim compel the trustee complied conveyance creditors can reach death to pay declares himself trustee depositor designated person directed discretionary trust enforce equitable interest fee simple ficiary heirs illegal Illustration income and principal income or principal inter vivos lifetime manifests an intention Mass ment Misc modify the trust N. Y. Supp owner of property pay the income pay the principal payment period power to revoke provision public policy reach his interest Reporter's Note reserves power Restatement of Property restraint on alienation resulting trust revocable rule against perpetuities rule in Shelley's settlor reserves sole beneficiary spendthrift trust Statute tentative trust terminate Totten trust transfer his interest transferee or creditor trust arises trust for support trust instrument trust is created trust property trust to pay